fiscal

Many economists have pointed out that the White House reductions have been accompanied by other deficit-ballooning policies, which could undercut their attacks on Democrats for being the party of fiscal irresponsibility.

The government has enough money to fund Medicaid for the first quarter of the next fiscal year, AP reported.

But he ruled out a wealth tax in November's budget and mounted a strong defence of Chancellor Rachel Reeves' fiscal rules, saying they were "non-negotiable," with the "global cost of borrowing as it now is".

"We need to have the money, like Germany's just done, they've changed their fiscal rules, we need to have the money to invest in these jobs."

The chancellor confirmed publicly that she agreed with the International Monetary Fund about changing the fiscal dance that has created non-stop speculation about tax changes.